Moneycontrol
HomeNewsOpinionHere's what was driving the IPO boom, but will it continue? 

Here's what was driving the IPO boom, but will it continue? 

Shishir Asthana   •

 A Prime Database study which was reported in the media shows that Rs 21.9 lakh crore was borrowed by non-banking finance companies (NBFCs) through commercial papers (CPs) to fund NIIs. To put it differently, Rs 1.21 crore was funded by NBFC to NIIs for every Rs 1 lakh of allotment. As a result, most of the decent issues are getting between 200-300 times oversubscription in the NII segment. 

The government is likely to file the draft papers for the mega IPO of LIC with market regulator Sebi this week, while a part of the issue will be reserved for anchor investors. The initial public offering of the LIC is aiming to bring in as many bidders as possible. The issue is expected to launch in March after approval of Sebi.

To read the full story,

Subscribe to Moneycontrol PRO
  • Ad-free Experience
  • Access Exclusive Stories
  • Weekly Investment Ideas
  • Daily Technical Calls

Are you a PRO subscriber? Sign In

What Do You Get

  • Ad free Experience

    Seamless navigation, faster responses.

  • Expert Perspective

    Explore 230+ exclusive editorials every month

  • +

    Uncover Insights from World-Renowned Experts and Journalists

  • Actionable Insights

    40+ weekly investment ideas + 3 to 4 daily technical calls

  • Virtual Events

    Exclusive Live Webinars for Expert Trading & Investment Strategies!

  • Newsletters

    Stay ahead with daily and weekly insights

View Offers

Unlock exclusive discounts